(Alliance News) - Intesa Sanpaolo Spa reported Tuesday that the head of IMI Corporate & Investment Banking, Mauro Micillo, sold 500,000 ordinary shares in the bank.

The shares were sold at an average price per share of EUR3.0460, for a total consideration of EUR1.5 million.

Intesa Sanpaolo's stock closed Tuesday up 2.0 percent at EUR3.06 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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